$HUSA very close to breakout $HUSA is a beaten
Post# of 68
Posted On: 08/21/2012 4:57:38 PM
$HUSA very close to breakout
$HUSA is a beaten down oil E&P play that recently put in a low and is now forming a bull flag pattern on the daily chart. As price consolidates below the 50 day moving average pressure is building for a bullish up move.
A close above the 50 DMA would give us the breakout signal and such a move should take us through the July highs around 1.65.
Keep this stock on your radar as there may also be some short covering to really blast the move upwards once the breakout occurs.
[IMG]http://i.imgur.com/ZQIb2.png[/IMG]
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